Republic Bancorp, Inc. (RBCAA) Financial Statements (2024 and earlier)

Company Profile

Business Address REPUBLIC CORPORATE CENTER
LOUISVILLE, KY 40202
State of Incorp. KY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments313,800759,591488,670388,491354,280299,351
Cash and cash equivalents313,689756,971485,587385,303351,474299,351
Short-term investments1112,6203,0833,1882,806 
Total current assets:313,800759,591488,670388,491354,280299,351
Noncurrent Assets
Operating lease, right-of-use asset37,01738,82543,34535,206
Property, plant and equipment31,97836,07339,51245,36043,12642,588
Intangible assets, net (including goodwill)25,07025,49623,39522,18821,21921,344
Goodwill16,30016,30016,30016,30016,30016,300
Intangible assets, net (excluding goodwill)8,7709,1967,0955,8884,9195,044
Investment, proportional amortization method, elected, amount75,324   3,971 
Total noncurrent assets:169,389100,394106,252102,75468,31663,932
Other undisclosed assets5,352,3545,233,6475,573,4035,129,0744,817,8084,722,079
TOTAL ASSETS:5,835,5436,093,6326,168,3255,620,3195,240,4045,085,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  10,00030,000120,000100,000
Total current liabilities:  10,00030,000120,000100,000
Noncurrent Liabilities
Liabilities, other than long-term debt43,60923,38327,89124,88814,029 
Investment program, proportional amortization method, elected, commitment43,60923,38327,89124,88814,029 
Total noncurrent liabilities:43,60923,38327,89124,88814,029 
Other undisclosed liabilities4,935,3215,236,0175,307,1114,801,1874,416,4414,352,938
Total liabilities:4,978,9305,259,4005,345,0024,856,0754,550,4704,452,938
Equity
Equity, attributable to parent856,613834,232823,323764,244689,934632,424
Common stock4,6484,7024,8994,9074,9004,902
Additional paid in capital141,694139,956143,637142,068141,018139,406
Accumulated other comprehensive income (loss)(31,979)1,8748,5093,098(997)416
Retained earnings742,250687,700666,278614,171545,013487,700
Total equity:856,613834,232823,323764,244689,934632,424
TOTAL LIABILITIES AND EQUITY:5,835,5436,093,6326,168,3255,620,3195,240,4045,085,362

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues326,501307,453319,368311,134289,483238,889
Net investment income232,459224,896250,842273,610249,451214,986
Cost of revenue(22,348)(14,808)(31,278)(25,758)(31,368)(27,704)
Provision for loan, lease, and other losses(22,348)(14,808)(31,278)(25,758)(31,368)
Financial services costs(27,704)
Gross profit:304,153292,645288,090285,376258,115211,185
Operating expenses(52,867)(51,342)(54,498)(49,833)(49,098)(127,903)
Other operating income, net
(Noninterest Income, Other Operating Income)
      4,108
Operating income:251,286241,303233,592235,543209,01787,390
Nonoperating income      6,215
Investment income, nonoperating      3,977
Bank owned life insurance income      1,562
Interest and debt expense(7,493)(5,666)(19,943)(44,757)(30,123)(20,258)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (125,296)(111,016)(77,593)(84,631)5,039
Income from continuing operations before equity method investments, income taxes:243,793110,341102,633113,19394,26378,386
Other undisclosed loss from continuing operations before income taxes(126,948)     
Income from continuing operations before income taxes:116,845110,341102,633113,19394,26378,386
Income tax expense(25,739)(23,552)(19,387)(21,494)(16,411)(32,754)
Income from continuing operations:91,10686,78983,24691,69977,85245,632
Income before gain (loss) on sale of properties:86,78983,24691,69977,85245,632
Net income available to common stockholders, basic:91,10686,78983,24691,69977,85245,632
Dilutive securities, effect on basic earnings per share(87)(100)(35)(118)(102)(75)
Net income available to common stockholders, diluted:91,01986,68983,21191,58177,75045,557

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:91,10686,78983,24691,69977,85245,632
Other comprehensive income (loss)   104(219)206302
Comprehensive income:91,10686,78983,35091,48078,05845,934
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(33,853)(6,635)5,3074,314(1,619)(573)
Comprehensive income, net of tax, attributable to parent:57,25380,15488,65795,79476,43945,361

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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